Tell me again why debt is so bad when it is almost free?
It's complicated. If you're old, don't worry about it. If you're young, consider moving to another planet as soon as it's possible.
Sure R1. Don't you see that debt hysteria is just Republican bullshit, more misdirection from the rich?
Yes. I see that now, R2.
Any day now, world investors are going to lose faith in the dollar and dump the assets they now are investing for zero return. Any day now. Just you wait.
Any day now..... other countries will collapse due to poor macroeconomic management.
Here's the real deal, OP. We have recently discovered that "deficits don't matter," because the Dollar is the world reserve currency, and WE CAN PRINT IT. Wooo-hooo.
Trouble is, when we do that, and we will, to pay off the @20,000,000,000,000.00, everyone's savings will be destroyed. Just like Germany in the 1920-30's. I even have some 100,000,000,000 Mark postage stamps from that time.
Because it shows on your books as a liability.
For the same reason, it's bad to have hard working long term employees.
They make more money and usually can be replaced by workers who'll take a third less pay to start.
They use up more sick and vacation time. This is another savings companies could have.
They get complacent and contribute less and less in reality.
So it's good to have a changing workforce not a long term one. In today's world that is